Yanlord bags $334m in Huangzhou apartment presales

All 120 apartment units were sold out for an average price of $13,805.85 psm.

Singapore exchange-listed real estate developer Yanlord Land Group has garnered $334m (RMB1.73b) in presales after it sold out all 120 apartments units at the inaugural launch of Yanlord Riverside Gardens in Huangzhou, an announcement revealed.

The average selling price comes at approximately $13,805.85 (RMB71,500) per sqm (psm) for the 24,196 sqm gross floor area (GFA) sold.

Yanlord Riverside Gardens saw its ground breaking in March 2019. Following the “healthy” performance of the development’s launch, Yanlord’s chairman and CEO Zhong Sheng Jian shared plans to expand the company’s footprint within the Yangtze River Delta.